Facebook Inc (NASDAQ:FB)‘s stock had its “buy” rating reaffirmed by equities research analysts at SunTrust in a report issued on Monday, Marketbeat.com reports. They presently have a $120.00 price objective on the social networking company’s stock, down from their previous price objective of $125.00. SunTrust’s price target suggests a potential upside of 6.94% from the company’s current price.

A number of other research analysts have also issued reports on FB. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $100.41 target price for the company in a research note on Monday, September 28th. Cowen and Company restated an “outperform” rating and set a $115.00 price target (up from $110.00) on shares of Facebook in a research report on Tuesday, September 29th. Wedbush began coverage on shares of Facebook in a research report on Thursday, October 1st. They set an “outperform” rating and a $115.00 price target on the stock. Deutsche Bank restated a “buy” rating on shares of Facebook in a research report on Friday, October 2nd. Finally, Argus assumed coverage on shares of Facebook in a research report on Thursday, October 8th. They issued a “buy” rating and a $115.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and forty-eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $127.13.

Several hedge funds and institutional investors have bought and sold shares of FB. Great West Life Assurance Co. Can boosted its position in Facebook by 0.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,263,772 shares of the social networking company’s stock valued at $132,347,000 after buying an additional 11,662 shares in the last quarter. 1ST Source Bank acquired a new position in Facebook during the fourth quarter valued at $645,000. Tokio Marine Asset Management Co. Ltd. boosted its position in Facebook by 3.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 115,673 shares of the social networking company’s stock valued at $12,106,000 after buying an additional 3,333 shares in the last quarter. Eads & Heald Investment Counsel boosted its position in Facebook by 8.6% in the fourth quarter. Eads & Heald Investment Counsel now owns 6,161 shares of the social networking company’s stock valued at $645,000 after buying an additional 490 shares in the last quarter. Finally, Trust Co. of Vermont boosted its position in Facebook by 12.9% in the fourth quarter. Trust Co. of Vermont now owns 40,472 shares of the social networking company’s stock valued at $4,235,000 after buying an additional 4,633 shares in the last quarter.

In other news, VP Colin Stretch sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $103.35, for a total value of $103,350.00. Following the completion of the transaction, the vice president now owns 77,924 shares in the company, valued at $8,053,445.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sheryl Sandberg sold 22,539 shares of the business’s stock in a transaction on Monday, November 16th. The stock was sold at an average price of $102.02, for a total value of $2,299,428.78. Following the completion of the transaction, the chief operating officer now owns 5,379,605 shares of the company’s stock, valued at approximately $548,827,302.10. The disclosure for this sale can be found here.

Facebook (NASDAQ:FB) traded up 2.84% on Monday, reaching $112.21. 62,739,548 shares of the company traded hands. The company has a 50-day moving average price of $101.61 and a 200-day moving average price of $98.05. Facebook has a 12 month low of $72.00 and a 12 month high of $112.84. The company has a market capitalization of $316.99 billion and a P/E ratio of 86.98.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 27th. The social networking company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.11. During the same period last year, the firm posted $0.54 earnings per share. The business earned $5.84 billion during the quarter, compared to analyst estimates of $5.36 billion. The company’s quarterly revenue was up 51.7% on a year-over-year basis. Equities research analysts expect that Facebook will post $3.11 EPS for the current year.

Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products include Facebook, Instagram, Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Its Messenger is a mobile-to-mobile messaging application available on iOS and Android phones. Instagram is a mobile application and Website that enables people to take photos or videos, and share them with friends and followers. WhatsApp Messenger is a cross-platform mobile messaging application and allows people to exchange messages on iOS, Android, BlackBerry, Windows Phone and Nokia devices.

12 Month Chart for NASDAQ:FB

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